Israeli Hi-Tech Exports Rise
Written by: Aaron Katsman | March 12, 2009
Despite a sharp drop in overall Israeli exports, Israeli hi-tech exports actually surged in the December-Feb. ‘09 period.
According to Globes: “High-tech exports, 52% of all industrial exports excluding diamonds, rose by an annualized 21% in December-February, after falling by an annualized 8.1% in September-November. Exports of mixed high-tech goods, 25% of total industrial exports, fell by an annualized 44% in December-February, after falling by an annualized 37.1% in September-November. Chemicals exports fell by an annualized 30% in December-February.The collapse of Israel’s diamond industry worsened further. Exports of rough and polished diamonds amounted to $800 million in January-February, in original figures, 65% less than the $2.3 billion in exports in the corresponding months of 2008. Imports of rough and polished diamonds amounted to $346 million in January-February, 76% less than the $1.48 billion in exports in the corresponding months of last year.”
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